SunSirs: U.S. Imports of Silk Commodities from China from January to October 2022

1. U.S. Imports of Silk Commodities from China in October

According to statistics from the U.S. Department of Commerce, the import volume of silk products from China in October was US$125 million, a year-on-year increase of 0.52% and a month-on-month increase of 3.99%, accounting for 32.97% of global imports, and the proportion has rebounded.

details as follows:

Silk: Imported from China was 743,100 US dollars, a year-on-year increase of 100.56%, a month-on-month decrease of 42.88%, and a market share of 54.76%, which was a significant decrease compared with the previous month; the import volume was 18.22 tons, a year-on-year decrease of 73.08%, and a month-on-month decrease of 42.51%. It was 60.62%.

Silk and satin: imports from China amounted to US$3.4189 million, a year-on-year decrease of 40.16% and a month-on-month decrease of 17.93%, with a market share of 20.54%, surpassing Taiwan and returning to the second place, and South Korea still ranked first.

Manufactured products: imports from China amounted to US$121 million, a year-on-year increase of 2.17%, a month-on-month decrease of 14.92%, and a market share of 33.46%, an increase compared to the previous month.

2. US imports of silk commodities from China from January to October

From January to October 2022, the United States imported US$1.53 billion of silk products from China, a year-on-year increase of 34.0%, accounting for 31.99% of global imports, ranking first in the source of silk product imports in the United States. in:

Silk: imports from China amounted to US$5.7925 million, a year-on-year increase of 94.04%, with a market share of 44.61%, ranking first in the import volume of silk; the volume was 147.12 tons, a year-on-year decrease of 19.58%, and a market share of 47.99%.

Silk and satin: imports from China amounted to US$45,891,500, a year-on-year decrease of 8.59%, with a market share of 21.97%, ranking second as the source of silk and satin imports.

Manufactured products: imports from China amounted to US$1.478 billion, a year-on-year increase of 35.80%, with a market share of 32.41%, ranking first in the source of imports.

3. Situation of US importing silk products from China subject to 10% tariff

Since 2018, the United States has imposed a 10% import tariff on cocoon silk and satin products with 25 8-digit customs codes from China. It includes 1 silkworm cocoon, 7 silk items (actually including 8 10-digit codes), and 17 silk and satin items (actually including 37 10-digit codes).

1. In October, the United States imported silk products from China that were subject to additional tariffs

In October, the United States imported $1.7585 million of silk products from China subject to a 10% tariff, a year-on-year increase of 71.14% and a month-on-month decrease of 24.44%. The market share was 26.06%, a significant drop from the previous month.

details as follows:

Silkworm cocoons: zero imports from China.

Silk satin: imports from China amounted to US$1,015,400, a year-on-year increase of 54.55%, a month-on-month decrease of 1.05%, and a market share of 18.83%. The volume was 129,000 square meters, a year-on-year increase of 53.58%.

2. Situation of U.S. imports of silk products from China subject to additional tariffs from January to October

From January to October, the United States imported 15.4973 million US dollars of silk products from China that were subject to a 10% tariff, a year-on-year increase of 89.27%, and a market share of 22.47%. China surpassed South Korea and rose to the top source of imports. in:

Silkworm cocoons: zero imports from China.

Silk and satin: imports from China amounted to US$9.7048 million, a year-on-year increase of 86.73%, with a market share of 18.41%, ranking third in the source of imports. The volume is 1,224,300 square meters, a year-on-year increase of 77.79%.

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